East Bayfront Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 25 tracked properties across East Bayfront, Toronto.
East Bayfront Rental Market Overview
As of late summer 2026, the East Bayfront submarket in Toronto—concentrated within postal forward sortation area M5A across 25 tracked buildings—demonstrates strong leasing activity and executive pricing positioning. Based on 62 closed leases over the trailing 30 days ending August 31, 2026, the average realized rent stands at $3,227 per month at an average rate of $4.52 per square foot. This performance is supported by 76 active listings currently on the market with an average asking rent of $3,204 per month. The asking-to-realized spread sits at a tight -$23 per month, reflecting a balanced pricing consensus between landlords and incoming tenants. Realized rents in East Bayfront average $461 (or 16.67%) higher than the broader Toronto municipal benchmark of $2,766 per month. Transaction volume is led by 1-bedroom and 1-bedroom plus den configurations, which account for the majority of the submarket's 349 total historical leases.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across East Bayfront
Closed Leases
Transactions that closed in August 2026 across East Bayfront
East Bayfront Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.
East Bayfront Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in East Bayfront, Toronto.
| Action | |||||
|---|---|---|---|---|---|
Waterfront - Lighthouse Tower 15 Lower Jarvis St | $3,267/mo | $4.50/SF | 9leases | 8units | Comps |
Waterfront Lighthouse East Tower 20 Richardson St | $2,489/mo | $4.56/SF | 9leases | 7units | Comps |
Quay House 15 Richardson St | $2,164/mo | $4.54/SF | 7leases | 6units | Comps |
Aqualuna at Bayside 155 Merchants' Wharf | $7,029/mo | $4.17/SF | 7leases | 6units | Comps |
Canary Commons 35 Rolling Mills Rd / 180 Mill St | $3,210/mo | $5.48/SF | 5leases | 6units | Comps |
Gooderham Condominiums 390 Cherry St | $2,500/mo | $4.22/SF | 5leases | 1unit | Comps |
River City III 170 Bayview Ave | $2,513/mo | $4.47/SF | 4leases | 2units | Comps |
Canary Park Condos 120 Bayview Ave | $2,867/mo | $4.22/SF | 3leases | 2units | Comps |
Monde 12 - 16 Bonnycastle St | $2,550/mo | $3.51/SF | 2leases | 12units | Comps |
The Goode 35 Parliament St | $3,050/mo | $4.33/SF | 2leases | 4units | Comps |
Pure Spirit at The Distillery 33 Mill St | $3,125/mo | $7.20/SF | 2leases | 4units | Comps |
Canary House 425 Front St E | $2,300/mo | $4.90/SF | 2leases | 1unit | Comps |
Canary Block 60 Tannery Rd | $2,725/mo | $3.63/SF | 2leases | 1unit | Comps |
Parliament Square 39 Parliament Street | $2,475/mo | $3.54/SF | 2leases | 0units | Comps |
Canary District 455 Front St E | $2,200/mo | $4.00/SF | 1lease | 4units | Comps |
Aquabella at Bayside 118 Merchants' Wharf | $3,800/mo | $4.00/SF | 1lease | 3units | Comps |
Canary Landing 65 Trinity Street | $3,723/mo | $4.38/SF | 1lease | 3units | Comps |
Clear Spirit at the Distillery 70 Distillery Lane | $3,300/mo | $3.88/SF | 1lease | 2units | Comps |
80 Mill 80 Mill St | $2,600/mo | $4.00/SF | 1lease | 2units | Comps |
Aqualina at Bayside Toronto 15 Merchants' Wharf | $2,450/mo | $4.45/SF | 1lease | 1unit | Comps |
Aquavista at Bayside 1 Edgewater Dr | $2,400/mo | $6.00/SF | 1lease | 1unit | Comps |
Cherry House at Canary Landing 432 Cherry Street | $2,929(ask) | $4.51 (ask) | 0leases | 1unit | Comps |
Maple House at Canary Landing 131-181 Mill Street | — | — | 0leases | 0units | Comps |
Harris Square - River City - 4 21 Lawren Harris Sq | — | — | 0leases | 0units | Comps |
St. Lawrence Cooperative 70 Mill St | — | — | 0leases | 0units | Comps |
15 Lower Jarvis St
20 Richardson St
15 Richardson St
155 Merchants' Wharf
35 Rolling Mills Rd / 180 Mill St
390 Cherry St
170 Bayview Ave
120 Bayview Ave
12 - 16 Bonnycastle St
35 Parliament St
33 Mill St
425 Front St E
60 Tannery Rd
39 Parliament Street
455 Front St E
118 Merchants' Wharf
65 Trinity Street
70 Distillery Lane
80 Mill St
15 Merchants' Wharf
1 Edgewater Dr
432 Cherry Street
131-181 Mill Street
21 Lawren Harris Sq
70 Mill St
Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in East Bayfront.
Realized monthly lease price divided by interior living square footage (excluding external terraces and parking valuations).
Total executed lease agreements. In boutique buildings with fewer than 2 monthly leases, comps automatically expand to a 90-day rolling window to preserve statistical validity.
The duration from public MLS listing publication to final binding agreement. Active supply reflects current vacant or upcoming units available for rent.
East Bayfront Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for East Bayfront
As of late summer 2026, the East Bayfront submarket in Toronto—concentrated within postal forward sortation area M5A across 25 tracked buildings—demonstrates strong leasing activity and executive pricing positioning. Based on 62 closed leases over the trailing 30 days ending August 31, 2026, the average realized rent stands at $3,227 per month at an average rate of $4.52 per square foot. This performance is supported by 76 active listings currently on the market with an average asking rent of $3,204 per month. The asking-to-realized spread sits at a tight -$23 per month, reflecting a balanced pricing consensus between landlords and incoming tenants. Realized rents in East Bayfront average $461 (or 16.67%) higher than the broader Toronto municipal benchmark of $2,766 per month. Transaction volume is led by 1-bedroom and 1-bedroom plus den configurations, which account for the majority of the submarket's 349 total historical leases.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in East Bayfront is currently $3,180/month ($4.51/SF), with an average leasing velocity of 24 Days on Market. Compared to the overall Toronto municipal benchmark ($2,811/month), East Bayfront trades at a 13% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Quay House ($2,164/mo) to Aqualuna at Bayside ($7,029/mo).
Month Over Month Trends
Month-over-month rental performance in East Bayfront recorded an adjustment of $599, or 22.79%, moving from an average realized lease price of $2,628 across 80 closed transactions in the prior 30-day window to $3,227 across 62 closed transactions in the current period. This upward movement is primarily driven by a heavier concentration of high-end multi-bedroom transactions closing during the late summer window, notably including multi-bedroom lease contracts reaching up to $12,000 per month.
Longer Term Trends & Rental Dispersion
Mid-term and baseline metrics indicate steady long-term pricing stability across the submarket, with a 90-day average realized lease price of $2,865 across 198 transactions and an 180-day and all-time baseline average of $2,798 across 349 total historical leases. Overall rent dispersion across the tracked inventory reveals a median rent of $2,450 per month, with an interquartile range spanning from the 25th percentile at $2,150 to the 75th percentile at $3,000. Across all tracked properties, rent extremes range from a submarket minimum of $1,600 to a maximum of $12,000 per month.
Currently across East Bayfront's 25 tracked multi-family properties, there are 77 active rental listings with an average asking rent of $3,141/month ($4.57/SF). For closed transactions executed in August 2026, realized lease agreements averaged $3,180/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants targeting East Bayfront should anticipate a middle 50% benchmark rent range spanning from $2,150 to $3,000 per month. Renters stepping up from a standard 1-bedroom layout (averaging $2,300 per month over the trailing 30 days) to a 2-bedroom suite (averaging $3,930 over the last 30 days) should budget for a substantial layout step-up. Specifically, historical leasing step-ups indicate that moving from a 1-bedroom to a 2-bedroom unit adds an average of $1,274 per month (a 57.16% increase) while gaining 284 square feet of additional living space. Securing a 3-bedroom configuration represents an executive commitment, requiring a step-up of $1,958 over 2-bedroom baselines. Properties lease steadily with an average of 24 days on the market, meaning well-priced units move quickly and applicants should have documentation ready upon viewing.
For Landlords
Landlords and condo investors operating in East Bayfront benefit from a tight asking-to-realized spread of -$23 per month, indicating that asking prices closely mirror closed market contracts. With an absorption rate of 44.9% and an average days on market of 24 days, owners should price units in alignment with recent closed lease benchmarks rather than pushing past the upper interquartile threshold of $3,000 per month to avoid extended vacancy. Overpricing beyond the middle 50% band risks pushing properties past the submarket DOM average, particularly given that active asking averages sit at $3,204 against realized averages of $3,227.
For Realtors
Real estate professionals representing clients in East Bayfront navigate a high-liquidity waterfront submarket backed by 25 tracked developments in postal area M5A. With 62 closed leases over the trailing 30 days and 76 active listings, market depth is concentrated heavily in 1-bedroom and 2-bedroom formats. Agents should guide landlord clients to price standard units tightly against the $4.52 per square foot 30-day realized benchmark, while managing buyer and tenant expectations around parking premiums, which can add substantial unbundled dollar value depending on the bedroom tier.
East Bayfront Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating East Bayfront, Toronto
What is the average rent for a condominium or apartment in East Bayfront, Toronto?
East Bayfront's average realized lease price is $3,227 per month ($4.52/sqft), based on 62 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market spans from a 25th percentile of $2,150 to a 75th percentile of $3,000 per month, with an overall submarket median of $2,450. Realized rents in this submarket sit $461 higher than the broader Toronto municipal average of $2,766 per month.
How much is a 1-bedroom apartment in East Bayfront?
The average rent for a 1-bedroom apartment in East Bayfront, Toronto is $2,300 per month ($4.61/sqft) based on 30-day trailing data, while 1-bedroom plus den suites average $2,647 per month ($4.05/sqft) over the same 30-day window. Most standard 1-bedroom units lease between $2,050 (25th percentile) and $2,350 (75th percentile) per month, with an average realized size of 524 square feet.
How much is a 2-bedroom apartment in East Bayfront?
The average rent for a 2-bedroom apartment in East Bayfront, Toronto is $3,930 per month ($4.56/sqft) based on 30-day trailing data, while 2-bedroom plus den suites average $4,500 per month ($4.27/sqft) over the same 30-day window. Most standard 2-bedroom units lease between $2,850 and $3,462 per month based on 180-day baseline data. Stepping up from a 1-bedroom to a 2-bedroom unit yields an average rent increase of $1,274 per month while adding 284 square feet of space.
How much is a 3-bedroom apartment in East Bayfront?
The average rent for a 3-bedroom apartment in East Bayfront, Toronto is $7,325 per month ($5.59/sqft) based on trailing 30-day data spanning 4 closed transactions. Three-bedroom apartment rentals represent a scarce inventory segment in the submarket, offering an average realized size of 1,204 square feet across historical transactions.
What are the most affordable and premium condo and apartment buildings in East Bayfront?
Within East Bayfront, Aqualuna at Bayside commands the highest average lease rate at approximately $5,462 per month across 19 tracked leases, while Canary District offers the most accessible entry point among named developments at around $2,229 per month across 10 closed transactions.
How does rent in East Bayfront compare to the overall Toronto average?
East Bayfront rents average $3,227 per month, which is higher than the overall Toronto municipal average of $2,766 per month (a spread of $461 or 16.67%). Properties in East Bayfront spend an average of 24 days on the market—leasing 2 days slower than the broader Toronto municipal benchmark of 22 days.
What are the postal code FSAs for East Bayfront?
Condo and apartment rentals in East Bayfront primarily fall within postal forward sortation areas (FSAs) such as M5A.
How fast do rental units lease in East Bayfront (Days on Market)?
Rental listings in East Bayfront spend an average of 24 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 2 days slower than the broader Toronto municipal benchmark of 22 days.
How should landlords price their rental listings in East Bayfront to avoid vacancy loss?
With active listings averaging $3,204 against closed leases at $3,227—an asking-to-realized spread of -$23 per month—landlords should align asking prices closely with recent closed lease benchmarks rather than overpricing outside the middle 50% band to prevent vacancy extending past the 24-day submarket average.
How much more will a unit with a parking spot in East Bayfront rent for versus a unit without one?
Reserved parking in East Bayfront adds an estimated $297 to $1,221 per month to rental rates across 1-bedroom and 2-bedroom layouts, respectively, based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in East Bayfront rents?
Across most Ontario condominium developments, suite electricity (hydro) and climate energy are individually metered and paid by the tenant, whereas water and building maintenance are covered by the owner's condo fees.
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